Simple rules
1 - Never trade with money you cannot lose.
2 - Always stick to your plan.
3 - The 1% rule is 1% of your total funds / 4 = how much you should risk per trade. For example: if you have 20000$, 1% = 200/4 =50$ risk
4 - There are around 20 trading days in a month since trading is closed on weekends. You want to enjoy freedom.
5 - After you reach your monthly or daily goal, stop.
6 - During the first year you increase your equity; during the second year you will earn profit and increase your equity.
7 - Have patience; making money consistently takes time and research.
8 - Never ever lose a trade that is in the green. When trades go sideways, take your profit.
9 - Keep practicing to keep your winrate above 30%, fail to do so and you will lose money!!
10-Get the right tools for your job. If you have to spend 40$ or 100$ to get your winrate to 60%, it's worth it.
s27.postimg.org/w9ue9gr6r/ex1.jpg
Winrate/Profit with R/R 2.5
10 trades 100$ loss 250$ win
20% good 80% wrong (2*250)-(8*100) = -300
30% 70% = (3*250)-(7*100) = 50$ profit
40% 60% = 4*250 - 6*100 = 400 profit
50 50 = 5*250 - 5*100 = 750 profit
60 40 = 6*250 - 4*100 = 1100 profit
70 30 = 1750 - 300 = 1450
80 20 = 2000 - 200 = 1800
90 10 = 2250 - 100 = 2150
100 winrate = 2500 profits.
If you like this plan then thank you hope it will help u understand abit about the risk and goals u need to set to take this sage.
I means if u do so according to this plan u can make 2k profits before TAX in the bank the 2nd year u start with 20k giving u a nice 1500 buck profit a month (depending where u live) working from ur home.
You can start @15k , i suggest 20k , if u have spare money u can do 50k and start earning 2k in de bank in year 1.
It`s possible tostart with 10k and 1k but that will means that ur earnings will decrease compared to the tabel.
I made this plan for 20k and 50k and is doing what its supposed to do , making money and Equity wil grow.
1st year Equity growth.
2nd year start earning 2k amonth before tax.
3rd 4k bfore tax a month
4th 8k a month
5th 10k a month
6th 10k a month
7th 10k a month
8th 10k a month
9th 10k a month
10th year Equity @ 300 mil
1 - Never trade with money you cannot lose.
2 - Always stick to your plan.
3 - The 1% rule is 1% of your total funds / 4 = how much you should risk per trade. For example: if you have 20000$, 1% = 200/4 =50$ risk
4 - There are around 20 trading days in a month since trading is closed on weekends. You want to enjoy freedom.
5 - After you reach your monthly or daily goal, stop.
6 - During the first year you increase your equity; during the second year you will earn profit and increase your equity.
7 - Have patience; making money consistently takes time and research.
8 - Never ever lose a trade that is in the green. When trades go sideways, take your profit.
9 - Keep practicing to keep your winrate above 30%, fail to do so and you will lose money!!
10-Get the right tools for your job. If you have to spend 40$ or 100$ to get your winrate to 60%, it's worth it.
s27.postimg.org/w9ue9gr6r/ex1.jpg
Winrate/Profit with R/R 2.5
10 trades 100$ loss 250$ win
20% good 80% wrong (2*250)-(8*100) = -300
30% 70% = (3*250)-(7*100) = 50$ profit
40% 60% = 4*250 - 6*100 = 400 profit
50 50 = 5*250 - 5*100 = 750 profit
60 40 = 6*250 - 4*100 = 1100 profit
70 30 = 1750 - 300 = 1450
80 20 = 2000 - 200 = 1800
90 10 = 2250 - 100 = 2150
100 winrate = 2500 profits.
If you like this plan then thank you hope it will help u understand abit about the risk and goals u need to set to take this sage.
I means if u do so according to this plan u can make 2k profits before TAX in the bank the 2nd year u start with 20k giving u a nice 1500 buck profit a month (depending where u live) working from ur home.
You can start @15k , i suggest 20k , if u have spare money u can do 50k and start earning 2k in de bank in year 1.
It`s possible tostart with 10k and 1k but that will means that ur earnings will decrease compared to the tabel.
I made this plan for 20k and 50k and is doing what its supposed to do , making money and Equity wil grow.
1st year Equity growth.
2nd year start earning 2k amonth before tax.
3rd 4k bfore tax a month
4th 8k a month
5th 10k a month
6th 10k a month
7th 10k a month
8th 10k a month
9th 10k a month
10th year Equity @ 300 mil
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.